Prestige Brand Holdings Inc (PBH)

Current ratio

Mar 31, 2025 Mar 31, 2024 Mar 31, 2023 Mar 31, 2022 Mar 31, 2021
Total current assets US$ in thousands 448,328 375,043 391,743 293,267 269,835
Total current liabilities US$ in thousands 106,623 117,048 160,715 143,422 122,138
Current ratio 4.20 3.20 2.44 2.04 2.21

March 31, 2025 calculation

Current ratio = Total current assets ÷ Total current liabilities
= $448,328K ÷ $106,623K
= 4.20

Prestige Brand Holdings Inc has shown a consistent improvement in its current ratio over the past few years. The current ratio, a measure of a company's ability to cover its short-term obligations with its current assets, increased from 2.21 as of March 31, 2021, to 4.20 as of March 31, 2025. This indicates that the company is in a strong financial position, with a significant increase in its ability to meet its short-term liabilities using current assets. The upward trend in the current ratio suggests that Prestige Brand Holdings Inc has been effectively managing its liquidity and working capital, potentially enhancing its overall financial stability and flexibility.